Supply & Demand in Marco Island, FL

Absorption Report

The absorption rate is essentially the total number of months that it would take to sell all of the current listings in a particular market. These ratings are in a constant state of fluctuation, based on supply and demand, and usually involve all homes sold within the previous six-month period. A lower absorption rate means that the property will likely take a bit longer to sell, and conversely, a higher number indicates that the property is likely to sell much faster. Both buyers and sellers can use this data to help predict sales activity and home prices for the property in question. For example, if a homeowner lives in a market with an absorption rate of 5-months and is also anxious to sell due to a job transfer, then it might be in his or her best interest to be more aggressive in the listing price.

Seller's
Market		 Balanced
Market		 Buyer's
Market
< 5 months Inventory 5 months Inventory > 5 months Inventory

Houses 20% of available homes are currently under contract

List Price Available # of Homes Available Sold Since 12/31 Sold in Last 6 Months Under Contract
Last 30 days Sold in Last 6 Months 		Absorption Rate Absorption Rate Months of Inventory Months of Inventory
551k-600k 1 1 1 0.2 6
601k-650k 2 0.3 0
651k-700k 4 5 0.2 4.8
701k-750k 4 4 2 0.2 6
751k-800k 3 8 1 0.4 2.3
801k-850k 5 8 2 0.3 3.8
851k-900k 7 2 0 21
901k-950k 2 6 0.5 2
951k-1m 4 8 2 0.3 3
1m-1.1m 6 11 2 0.3 3.3
1.1m-1.2m 11 10 2 0.2 6.6
1.2m-1.3m 13 13 3 0.2 6
1.3m-1.4m 14 14 2 0.2 6
1.4m-1.5m 11 10 0.2 6.6
1.5m-1.6m 6 13 0.4 2.8
1.6m-1.7m 7 8 0.2 5.3
1.7m-1.8m 6 10 4 0.3 3.6
1.8m-1.9m 13 12 3 0.2 6.5
1.9m-2m 7 6 2 0.1 7
2m-2.25m 13 11 1 0.1 7.1
2.25m-2.5m 17 11 1 0.1 9.3
2.5m-2.75m 10 7 1 0.1 8.6
2.75m-3m 17 10 1 0.1 10.2
3m-3.5m 8 9 2 0.2 5.3
3.5m-4m 15 8 2 0.1 11.3
4m-4.5m 11 4 2 0.1 16.5
4.5m-5m 5 3 0.1 10
5.01m-6m 17 7 2 0.1 14.6
6.01m-7m 5 4 1 0.1 7.5
7.01m-8m 2 4 2 0.3 3
8.01m-9m 4 1 0 24
9.01m-10m 1 0
10.01m-11m 1 0
11.01m-12m 1 1 1 0.2 6
14.01m-15m 2 0
16.01m-17m 1 0

Townhouses 22% of available homes are currently under contract

List Price Available # of Homes Available Sold Since 12/31 Sold in Last 6 Months Under Contract
Last 30 days Sold in Last 6 Months 		Absorption Rate Absorption Rate Months of Inventory Months of Inventory
376k-400k 1 3 0.5 2
401k-425k 1 0
426k-450k 2 2 1 0.2 6
476k-500k 2 1 1 0.1 12
551k-600k 1 1 0.2 6

Condos 16% of available homes are currently under contract

List Price Available # of Homes Available Sold Since 12/31 Sold in Last 6 Months Under Contract
Last 30 days Sold in Last 6 Months 		Absorption Rate Absorption Rate Months of Inventory Months of Inventory
1k-25k 1 0
26k-50k 1 0.2 0
176k-200k 1 0
201k-225k 4 0.7 0
226k-250k 1 1 0.2 6
251k-275k 1 2 0.3 3
276k-300k 6 5 1 0.1 7.2
301k-325k 3 2 0.1 9
326k-350k 5 3 0.1 10
351k-375k 5 4 2 0.1 7.5
376k-400k 15 8 1 0.1 11.3
401k-425k 8 6 3 0.1 8
426k-450k 12 5 1 0.1 14.4
451k-475k 13 7 0.1 11.1
476k-500k 11 9 3 0.1 7.3
501k-550k 31 6 1 0 31
551k-600k 29 17 3 0.1 10.2
601k-650k 19 22 3 0.2 5.2
651k-700k 23 9 2 0.1 15.3
701k-750k 16 14 3 0.1 6.9
751k-800k 25 6 2 0 25
801k-850k 17 12 3 0.1 8.5
851k-900k 15 9 2 0.1 10
901k-950k 5 6 2 0.2 5
951k-1m 9 8 2 0.1 6.8
1m-1.1m 6 11 2 0.3 3.3
1.1m-1.2m 7 8 4 0.2 5.3
1.2m-1.3m 7 3 0.1 14
1.3m-1.4m 7 10 3 0.2 4.2
1.4m-1.5m 4 7 4 0.3 3.4
1.5m-1.6m 8 4 1 0.1 12
1.6m-1.7m 7 2 1 0 21
1.7m-1.8m 5 6 1 0.2 5
1.8m-1.9m 4 3 0.1 8
1.9m-2m 4 3 1 0.1 8
2m-2.25m 3 7 0.4 2.6
2.25m-2.5m 3 4 1 0.2 4.5
2.5m-2.75m 3 2 0.1 9
2.75m-3m 8 1 0 48
3m-3.5m 6 2 0.1 18
3.5m-4m 4 5 0.2 4.8
4m-4.5m 2 2 0.2 6
4.5m-5m 2 0.3 0
5.01m-6m 1 1 0.2 6
6.01m-7m 1 0
7.01m-8m 1 1 0.2 6
10.01m-11m 2 0

Land 7% of available homes are currently under contract

List Price Available # of Homes Available Sold Since 12/31 Sold in Last 6 Months Under Contract
Last 30 days Sold in Last 6 Months 		Absorption Rate Absorption Rate Months of Inventory Months of Inventory
26k-50k 1 0
76k-100k 1 0
126k-150k 1 0
151k-175k 2 0
176k-200k 1 0
201k-225k 2 0
226k-250k 4 0
251k-275k 2 1 0.1 12
276k-300k 2 0
301k-325k 1 0
326k-350k 3 2 0.1 9
351k-375k 1 0
376k-400k 3 1 0.1 18
401k-425k 2 0.3 0
426k-450k 2 0
451k-475k 1 1 1 0.2 6
476k-500k 5 2 1 0.1 15
501k-550k 3 0
551k-600k 2 1 1 0.1 12
601k-650k 1 0
651k-700k 1 0
701k-750k 2 0
751k-800k 5 1 0 30
801k-850k 1 0
851k-900k 4 2 0.1 12
951k-1m 6 2 1 0.1 18
1m-1.1m 2 2 0.2 6
1.1m-1.2m 5 1 0 30
1.2m-1.3m 3 3 0.2 6
1.3m-1.4m 5 1 0 30
1.4m-1.5m 2 1 0.1 12
1.5m-1.6m 4 0
1.6m-1.7m 5 0
1.7m-1.8m 2 0
1.8m-1.9m 2 0
1.9m-2m 1 0.2 0
2m-2.25m 1 2 0.3 3
2.25m-2.5m 1 1 0.2 6
2.5m-2.75m 3 0
2.75m-3m 1 0
3m-3.5m 1 0.2 0
3.5m-4m 1 0
4m-4.5m 1 0
4.5m-5m 2 0
5.01m-6m 2 0
6.01m-7m 2 0
7.01m-8m 2 0
9.01m-10m 2 0
11.01m-12m 1 0